US and Iran Hold Talks on Phased Hormuz Deal as Oil Markets Watch

Bold Lion from Gusau

about 1 month ago

The United States and Iran are exploring a phased agreement over the Strait of Hormuz, a waterway that handles a huge share of the world's oil shipments. Any deal here can move crude oil prices, and that affects fuel costs and the naira back home in Nigeria. Bloomberg breaks down what each side wants and what a phased approach would look like.